UPI transactions account for 85% of all digital payments

While UPI transactions hit Rs 32.5 lakh crore in value since last year, credit card transactions reached Rs 3.5 lakh crore in value, followed by debit cards with Rs 1.88 lakh crore.

Since the previous year, UPI transactions have almost doubled in both volume and value. The three most frequently used apps for financial transactions are PhonePe, Google Pay, and Paytm.

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